American companies are stashing an estimated $3.1 trillion in offshore tax heavens.

It’s in secret accounts everywhere from Ireland to the Cayman Islands. And it’s been out of the reach of Uncle Sam.

Everything changed with the 2017 Tax Cuts & Jobs Act. It essentially forces American corporations to bring offshore cash back into the U.S.

That’s because the new tax law says foreign earnings will be taxed at 15.5% – regardless of whether the cash is offshore or in the U.S. The legislation prompted U.S. companies to repatriate hundreds of billions of dollars in profits.

Here are the latest numbers:

Q1: $295 billion

Q2: $170 billion

Q3: $93 billion

This chart shows the dramatic increase in corporate cash repatriation.

The numbers aren’t yet in for the fourth quarter of 2018. If we saw another $90 billion in the final quarter of the year, that would take the total to nearly $650 billion.

That means there is still another $2.5 trillion offshore – waiting to come back into the U.S. in cash repatriation.

President Trump says that ALL of this offshore cash will come back into America.

That’s just one reason I’m expecting another record year for Liberty Checks.